USDINR trading range for the day is 82.25-82.61 - Kedia Advisory
USDINR
USDINR trading range for the day is 82.25-82.61.
USDINR remained in range as investors were cautious ahead of U.S. inflation data that is likely to come in hot and prompt the Federal Reserve to deliver a large rate hike.
The annual inflation rate in the US slowed to 8.2% in September, the lowest in seven months, compared to 8.3% in August
The yield on the 10-year Indian government bond was above the 7.4% mark, approaching the over three-month high of 7.5%
EURINR
EURINR trading range for the day is 79.74-80.7.
Euro gains as Euro zone industry output rose in August much faster than expected
ECB President Christine Lagarde said a debate about mopping up excess cash – quantitative tightening (QT) – got underway.
Remarks from European Central Bank officials supported expectations for a further rise in euro zone bond yields.
GBPINR
GBPINR trading range for the day is 90.86-92.86.
GBP remained supported as investors await developments on the central bank's quantitative easing program and the mini-budget.
BoE's Pill still sees need for 'significant' rates action in November
UK economy on brink of recession as it shrinks in August
JPYINR
JPYINR trading range for the day is 55.94-56.5.
JPY depreciated toward 147 per dollar, 1998 low on dovish BOJ
Japan finmin says govt ready to take action vs speculative yen moves
Japan wholesale prices rise the most in 5 months, put squeeze on corp profits
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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